Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Lots of economic data and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: Building permits declined by 17.2 percent in April from a year ago, but up 4.4 percent on a monthly basis.
Upcoming:
- Germany: Import price index will be updated at 6:00 GMT.
- France: 1st quarter GDP and consumer spending reports will be released at 6:45 GMT.
- Spain: HICP inflation report will be published at 7:00 GMT.
- Switzerland: KOF leading indicator for May will be updated at 7:00 GMT.
- Italy: Producer price inflation report will be published at 8:00 GMT, followed by consumer and business confidence reports at 8:30 GMT.
- Greece: producer price inflation report for April will be published at 9:00 GMT.
- Eurozone: Sentiment reports will be published at 9:00 GMT.
- Germany: HICP inflation reports will be released at 12:00 GMT.
- United States: Personal income and spending details will be updated at 12:30 GMT, followed by S&P/Case-Shiller home price report at 13:00 GMT and Dallas Fed manufacturing index at 14:30 GMT.
- New Zealand: RBNZ will release financial stability report at 21:00 GMT.
- United Kingdom: GFK consumer confidence report and BRC shop price report will be published at 23:00 GMT.
- Japan: Flash industrial production numbers for April will be published at 23:50 GMT.
- Auction: U.S. will auction 1-month, 3-month, and 6-month bills at 15:30 GMT.
